![]() "Quicken Loans is in a unique position, with access to two valuable data points. Many of these are western cities with rapid home appreciation, including Denver, Portland, Seattle, San Francisco and Los Angeles. While this national average continues to show lower values than homeowner estimates, there are still metro areas showing appraiser opinions that are higher than what homeowners expected. ![]() The National HPPI shows homeowners' estimated values were an average of 1.69 percent higher than appraisers' home value opinions in February. The index rose in all regions measured.Īppraisal values continue to fall below homeowner estimates nationally, and in just less than half of the 27 metro areas examined. Additionally, appraisal values increased 2.95 percent year-over-year. Home appraisals rose in value by an average of 0.55 percent in February, as measured by the National Home Value Index (HVI). The current trend of appraisals falling lower than homeowner estimates started in February 2015, and the gap between the two values has now widened for the third consecutive month. DETROIT, Ma/PRNewswire/ - Homeowners and appraisers are still not seeing eye-to-eye. Home appraisals were an average of 1.69 percent lower than what homeowners expected in February, according to the National Home Price Perception Index (HPPI).
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